AFM Alphamin Resources Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") is
pleased to announce that is has agreed to raise $8.0 million by way of a
non-brokered private placement (the "Private Placement") of 50,000,000 units
("Units") at a price of $0.16 per Unit. Each Unit will consist of one common
share of the Company and one warrant, each warrant entitling the holder to
purchase one additional common share at a price of $0.165 until November 30,
2014. The Private Placement is subject to the approval of the TSX Venture
Exchange, shareholder approval, a due diligence period, and various other
conditions.


The Company intends to use the proceeds from the Private Placement for the
further exploration and development of the Bisie Tin Project (the "Bisie
Project"), a tin asset located in the Democratic Republic of Congo. 


Tremont Master Holdings ("Tremont") will be the sole purchaser of the Units and,
upon closing of the Private Placement, will own approximately 27.3% of the
shares of the Company on an undiluted basis and approximately 42.7% assuming
full conversion of the warrants. As such, the Private Placement will result in
the creation of a new control person (as such term is defined under securities
laws), and in accordance with the policies of the TSX Venture Exchange
shareholder approval of the Private Placement will be required. 


The Units will be acquired pursuant to the accredited investor exemption in
section 2.10 of National Instrument 45-106 Prospectus and Registration
Exemptions. 


The acquisition of the Units is being made for investment purposes. Presently,
Tremont does not have any intention of acquiring further securities of the
Company but may acquire ownership of or control over further securities of the
Company in the future. Upon closing of the Private Placement, the Company and
Tremont will enter into a pre-emptive rights agreement whereby Tremont will have
the right to participate in any subsequent offering by the Company on a pro rata
basis, so long as it and its affiliates hold more than 20% of the issued and
outstanding shares of the Company. Additionally, Tremont will also be entitled
to nominate 2 directors to the board of the Company (which will be fixed at 5
directors). These rights will continue until the later of two years from closing
of the Private Placement and that date on which Tremont and its affiliates hold
less than 20% of the issued and outstanding shares of the Company.


About Alphamin

Alphamin is a TSX Venture Exchange listed tin explorer and developer. The
Company's strategy is to locate next generation tin assets and leverage our
exploration and development expertise to create sustainable tin production. The
Company's primary focus during this year is to realise the potential of the
Bisie Project.


About Tremont

Tremont Master Holdings is a Mauritius-based investment company focused on
African exploration and mining opportunities and is located at Suite 510, 5th
Floor Barkly Wharf Le Caudon Waterfront Port Louis, Mauritius. A copy of the
early warning report required to be filed under Canadian securities laws in
connection with the foregoing may be obtained on SEDAR or from Mr. Navaid Burney
of Tremont, at +27 11 438 4100.


ON BEHALF OF THE BOARD OF DIRECTORS

Ross Doyle, Chief Financial Officer

Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this News Release.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any of the Shares in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
Shares have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or the
securities laws of any state of the United States and may not be offered or sold
within the United States (as defined in Regulation S under the U.S. Securities
Act) unless registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration requirements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alphamin Resources Corp.
Level 3, Gotthardstrasse 20, CH-6304
Zug, Switzerland
+41 41 711 02 81
www.alphaminresources.com

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